Financial news on May 24th, 2010

Business and Financial news
Equity One Buys Capital Shopping’s U.S. Unit

Equity One, the U.S. real estate investment trust, said on Sunday it would buy Capital Shopping Centres Group’s U.S. unit in a deal valued at $600 million, Reuters reported. Read more..

By DEALBOOK - The New York Times

Financial Overhaul Bill Poses Big Test for Lobbyists

The relationship between Wall Street banks, hedge funds, insurance companies and related financial sectors and Congressional candidates, advantageous to both sides for many years, is now being tested in ways rarely seen. Read more..

By DEALBOOK - The New York Times

For Berra, It Ain’t Over Till ... Well, You Know the Rest

A new campaign for a consulting firm specializing in emergency-response systems utilizes offbeat yet true sayings by the legendary catcher of the New York Yankees. Read more..

By STUART ELLIOTT - The New York Times

Frank to Head Joint Panel on Financial Bill

Representative Barney Frank of Massachusetts, a sharp critic of Wall Street and close ally of the Obama administration, will head a House-Senate conference committee to prepare a final bill on financial regulation. Read more..

By DEALBOOK - The New York Times

I.B.M. to Buy AT&T’s Sterling for $1.4 Billion

International Business Machines said Monday that it had struck a deal to buy Sterling Commerce from AT&T for $1.4 billion. Sterling provides software that helps businesses process transactions. Read more..

By DEALBOOK - The New York Times

PublicEarth Raises $1 Million

PublicEarth, a wiki-style site where users can view and edit information about various locations, has raised another $1 million in funding, VentureBeat reported. Read more..

By DEALBOOK - The New York Times

Rivals Seize on Troubles of Facebook

For small start-up networks, privacy is a selling point as Facebook users are becoming fed up with the site’s efforts to broadcast personal information. Read more..

By JENNA WORTHAM - The New York Times

Temasek Names Executive Director

Temasek Holdings, Singapore’s sovereign wealth fund, said it has tapped the former head of the Singapore Exchange, Hsieh Fu Hua, as an executive director and president. Read more..

By DEALBOOK - The New York Times

Texas Rangers Enter Bankruptcy to Expedite Sale

The Texas Rangers voluntarily filed for bankruptcy on Monday to facilitate the team’s sale to a group of investors, including Nolan Ryan, for about $575 million. Read more..

By DEALBOOK - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE16.3216.3915.9716.0174.1M
Wells Fargo & Co.WFC29.5729.7528.5328.7164.9M
JPMorgan ChaseJPM40.1640.2538.5038.6249.1M
Cisco SystemsCSCO23.4623.7023.1323.3748.2M
Oracle Corp.ORCL22.0422.6721.8522.2832.8M
AT&T Inc.T24.7124.7524.3024.4330M
Abbott LaboratoriesABT47.0448.0546.8747.5627M
Home DepotHD32.8533.5732.7633.2224.3M
Verizon CommunicationsVZ27.7727.8227.3927.4920.6M
HP Inc.HPQ46.2846.9845.6445.6918.1M
Walt Disney & Co.DIS32.5632.9932.1132.4814M
Johnson & JohnsonJNJ60.6261.4560.2160.5714M
Wal-Mart StoresWMT51.0451.5450.9051.0013.6M
Bristol-Myers SquibbBMY22.9323.1822.7422.9913.3M
Procter & GamblePG61.4361.9861.0061.4012.7M
Gilead SciencesGILD36.1736.8735.9236.3512.5M
UnitedHealth GroupUNH28.5929.1828.1728.838M
International Business MachinesIBM125.26126.02124.04124.456.87M
United TechnologiesUTX66.6666.7965.8166.135.35M
Berkshire HathawayBRK.B72.3172.5370.7070.785.3M
Union PacificUNP69.4270.6669.0769.333.88M
Exchange Rates of May 24th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 90.260 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.063 CAD1 CAD = 0.941 USD
US DollarSwiss Franc1 USD = 1.160 CHF1 CHF = 0.862 USD
US DollarChinese Yuan1 USD = 6.830 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 111.430 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.857 GBP1 GBP = 1.167 EUR
EuroAustralian Dollar1 EUR = 1.497 AUD1 AUD = 0.668 EUR
EuroCanadian Dollar1 EUR = 1.312 CAD1 CAD = 0.762 EUR
EuroSwiss Franc1 EUR = 1.433 CHF1 CHF = 0.698 EUR
EuroChinese Yuan1 EUR = 8.429 CNY1 CNY = 0.119 EUR
Japanese YenPound Sterling1 JPY = 0.769 GBP1 GBP = 1.301 JPY
Japanese YenAustralian Dollar1 JPY = 1.343 AUD1 AUD = 0.745 JPY
Japanese YenCanadian Dollar1 JPY = 1.177 CAD1 CAD = 0.849 JPY
Japanese YenSwiss Franc1 JPY = 1.285 CHF1 CHF = 0.778 JPY
Pound SterlingAustralian Dollar1 GBP = 1.746 AUD1 AUD = 0.573 GBP
Pound SterlingCanadian Dollar1 GBP = 1.531 CAD1 CAD = 0.653 GBP
Pound SterlingSwiss Franc1 GBP = 1.672 CHF1 CHF = 0.598 GBP
Pound SterlingChinese Yuan1 GBP = 9.822 CNY1 CNY = 0.102 GBP
Australian DollarCanadian Dollar1 AUD = 0.877 CAD1 CAD = 1.141 AUD
Australian DollarSwiss Franc1 AUD = 0.957 CHF1 CHF = 1.045 AUD
Australian DollarChinese Yuan1 AUD = 5.630 CNY1 CNY = 0.178 AUD
Canadian DollarSwiss Franc1 CAD = 1.091 CHF1 CHF = 0.917 CAD
Canadian DollarChinese Yuan1 CAD = 6.427 CNY1 CNY = 0.156 CAD
Swiss FrancChinese Yuan1 CHF = 5.881 CNY1 CNY = 0.170 CHF

See what else happened on May 24th, 2010